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Oct 29, 2012
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they in so many ways provide the energy, the muscle, if you will, to do many of these operations. they put themselves in harm's way. we thanked them very much. this storm is basically as expected thus far. we said it was going to be a lot of wind and rain. that's what they forecast and that's exactly what we've gotten and more. sandy's fury is still going to come this evening. originally it was supposed to be about 8:00. that has now been moved up and could be as early as 6:00. where we're we'll start to feel the full impact of high tide. that gives people a short window. people have not yet evacuated. they should have already, in my opinion, but that's a -- it's a very short window until we really feel the full impact of sandy's fury. this is probably the last warning that we're going to be able to give people about getting themselves to a safe place before that coastal surge really hits. of the national guard, the 1,000 that are going to be deployed today, the majority of those national guard will be deployed on long island. as the issue becomes more and more the coastal surge,
they in so many ways provide the energy, the muscle, if you will, to do many of these operations. they put themselves in harm's way. we thanked them very much. this storm is basically as expected thus far. we said it was going to be a lot of wind and rain. that's what they forecast and that's exactly what we've gotten and more. sandy's fury is still going to come this evening. originally it was supposed to be about 8:00. that has now been moved up and could be as early as 6:00. where we're...
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Oct 29, 2012
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let's broaden the world's energy mix. let's go. >>> okay, guys. you're looking at some live pictures right now of atlantic city. the streets there, as you can see, are flooded. casinos are shut down, all 12 of the casinos are shut down. that's only about the fourth time that's happened. of course we're still six or so hours away from landfall along the new jersey coast. guys, this is going to get worse. >>> wooill sandy disrupt the fl of shipping into and out of the northeastern ports. mary thompson is live at the port of baltimore. mary, ships coming? ships going? >> reporter: they stopped coming and going last night, brian. port of baltimore decided in light of hurricane sandy to shut down its operations, this is the 1th largest port in the united states when you consider the value of the goods that go in and out. we're standing a little bit away from it. it is probably about a mile or so either of us right here. we're on the chesapeake bay. but there are other ports along the u.s. as well that have decided to shut down their operations, too. mo
let's broaden the world's energy mix. let's go. >>> okay, guys. you're looking at some live pictures right now of atlantic city. the streets there, as you can see, are flooded. casinos are shut down, all 12 of the casinos are shut down. that's only about the fourth time that's happened. of course we're still six or so hours away from landfall along the new jersey coast. guys, this is going to get worse. >>> wooill sandy disrupt the fl of shipping into and out of the...
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Oct 29, 2012
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putting us in control of our energy future, now. oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. >>> as we continue to follow sandy, you can see we have on the left-hand side of your screen, we have basically cape may, new jersey, and the jersey shore, central new jersey shore, is basically going to be the center of the storm and is expected to get hit very hard. but this storm is so massive in terms of its width and its breadth, that it is already being felt in narragansett, rhode island, ty. >> they're getting ready for kayla to y kay kayla's shot on "street signs."
putting us in control of our energy future, now. oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [...
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Nov 1, 2012
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let's broaden the world's energy mix. let's go. >>> coming up on "closing bell," we're all over in market rally and whether it could all be reversed by tomorrow's october employment report. i'll have the latest on that. >>> blue, lou is sandy affecting the restaurant industry supply chain? we will speak exclusively to starbucks' ceo howard schultz. they're having their issues in the northeast. >>> you'll find out how much sandy will affect the insurance industry when we talk with aig ceo robert benmosche coming up exclusively at the top of the hour on "closing bell." see you guys then. >> thank you very much, bill. >>> forget just new york. flight delays here are probably making your flight late wherever you are in america. so, let's bring you up to date on what's happening at the state of the airports with courtney reagan. airports one by one i know are starting to open up. is it noticeably better or do we have a long way to go? >> laguardia opened for business at 7:00 a.m. this morning. the delta flight was the first on
let's broaden the world's energy mix. let's go. >>> coming up on "closing bell," we're all over in market rally and whether it could all be reversed by tomorrow's october employment report. i'll have the latest on that. >>> blue, lou is sandy affecting the restaurant industry supply chain? we will speak exclusively to starbucks' ceo howard schultz. they're having their issues in the northeast. >>> you'll find out how much sandy will affect the insurance...
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Nov 2, 2012
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we did have weakness in materials and energy stocks as the dollar was strong. i think that was a factor. but i also think apple really mattered a lot. wouldn't it be nice to have a stock like restoration hardware go public today? in a week where we need restoration. that's what happened. went public at 24. it opened at 32 and closed not far from that price. great day for that company. finally, maria, for the week, no the much of a change. remember, we were only open three days this week. have a good weekend. >> you too. see you later. don't touch that remote. much more ahead on this edition of the close clo"closing bell." stay with us. >>> cleanup costs. superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all th
we did have weakness in materials and energy stocks as the dollar was strong. i think that was a factor. but i also think apple really mattered a lot. wouldn't it be nice to have a stock like restoration hardware go public today? in a week where we need restoration. that's what happened. went public at 24. it opened at 32 and closed not far from that price. great day for that company. finally, maria, for the week, no the much of a change. remember, we were only open three days this week. have a...
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Nov 2, 2012
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domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. it's the moment you've been waitsing for. final trades. >> xlb. you a dividend, valuations are right and a lot of options activity tells me it's going higher. >> a lot of folks that couldn't make it down here to our event in houston were kind enough to donate the spot at the conference we've got going on down here. if people would give money to sandy relief. city meals is
domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. it's the moment you've been waitsing for. final trades. >> xlb. you a dividend, valuations are right and a lot of options activity tells me it's going higher. >> a lot of folks that couldn't make it down here to our event in houston were kind enough to donate the spot at the conference we've got going on down here. if people would give money to sandy relief. city meals is
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i'll be talking with an energy specialist about what's behind the long lining and when we may finally be able to fill up our tanks again. back in a moment. >>> welcome back. starbucks reporting earnings just moments ago. the company reporting eps results of 46 cents a share. that was a penny above expectations. revenue at $3.36 billion, which was slightly lower than the $3.8 billion analysts were looking for. we find out how they got there and what to expect in the month ahead right now with the boss joining me now from a seattle starbucks location. it's the company chairman and ceo howard schultz. good to have you on the program. welcome back. >> thank you, maria. how are you? >> you raised your dividend. you raised your guidance. characterize the quarter for us. >> as you can see, we had a record quarter, record year, highlighted by the u.s. business at 7% comps, 10% comps in asia. we're starting to see a slight improvement -- i don't want to overstate that -- in western europe and our cpg business grew over 15% for the year. so i think when you look at the downturn that we and many
i'll be talking with an energy specialist about what's behind the long lining and when we may finally be able to fill up our tanks again. back in a moment. >>> welcome back. starbucks reporting earnings just moments ago. the company reporting eps results of 46 cents a share. that was a penny above expectations. revenue at $3.36 billion, which was slightly lower than the $3.8 billion analysts were looking for. we find out how they got there and what to expect in the month ahead right...
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Oct 29, 2012
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dow component pfizer and energy producers nrg energy and e everyonentergy. let's go overseas in asia and see how things closed up there or closed down there in this case. quickly to europe as we go across the pond. ftse off marginally. .65. cac off as well. >> hurricane sandy is making its way toward the new jersey coast. reports say it may be one of the most severe storm surges on record. kayla tausche joins us now from cape may, new jersey. >> reporter: that storm surge is well over four feet right now. we moved a little bit farther inland because as you can see behind me, the waves are starting to crash. they erased all sand that you can see and now crashing over the dunes. businesses all along the new jersey shoreline, which is 83 miles long, batoni iclosing dow. the biggest industry where we are is commercial fishing. the largest port is in cape may. the fourth largest in the nation. here's a look at how big it actually is. >> commercial fishing business in cape may is the biggest business in cape may and biggest business in the county. it's huge. >> re
dow component pfizer and energy producers nrg energy and e everyonentergy. let's go overseas in asia and see how things closed up there or closed down there in this case. quickly to europe as we go across the pond. ftse off marginally. .65. cac off as well. >> hurricane sandy is making its way toward the new jersey coast. reports say it may be one of the most severe storm surges on record. kayla tausche joins us now from cape may, new jersey. >> reporter: that storm surge is well...
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Oct 29, 2012
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back to cnbc's "fast money." the latest on hurricane sandy. right now just off the coast of cape may, new jersey. about 20 miles. continues to move in that direction. will be onshore in the next hour. very strong winds remain over coastal new england and new jersey. we just saw wind gusts of 79 miles per hour. just because the rain appears to be letting up just a little bit, over this area, do not let that -- do not let your guard down. strong winds remaining for the next 24 to 36 hours. >> thanks for the update. saepd is causing major outages and travel disruptions across the country's eastern seaboard. courtney reagan
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back to cnbc's "fast money." the latest...
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Oct 31, 2012
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we won't be getting the energy department's usual look at oil and gasoline inventories normally released at wednesday 10:30 a.m. eastern. if you're looking for an early winner on wall street today, check out shares of generac holdings. i think both of these folks have generac. >> we do. >> let's get to phil lebeau with earnings on gm. >> hi, andrew. we do have general motors, it is far better than expected than the third quarter. the estimate on the street was for 60 cents a share. it worked out to about $1.5 billion, revenue almost $2 billion better than expected. couple of numbers to keep an eye on. europe, gm losing $500 million in the third quarter, now expecting to lose between $1.5 billion and $1.8 billion. we're going to hop on the gm conference call in a few minutes to see if they have any more clarity in terms of restructuring. and don't forget, we've have the cfo joining us in about 15 minutes. but again, earning 85 cents a share in the third quarter. >> and phil, we can see in the premarket that stock's up by about 5.25% on this news. again, trading getting back to normal. and
we won't be getting the energy department's usual look at oil and gasoline inventories normally released at wednesday 10:30 a.m. eastern. if you're looking for an early winner on wall street today, check out shares of generac holdings. i think both of these folks have generac. >> we do. >> let's get to phil lebeau with earnings on gm. >> hi, andrew. we do have general motors, it is far better than expected than the third quarter. the estimate on the street was for 60 cents a...
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Oct 30, 2012
10/12
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> i'm bill griffin. wall street, normal trading day to how much trading revenue was lost because of this two-day closure. one exchange that did not shutdown was the cme in chicago. terry duffy tells us if everything goes smoothly when the markets open tomorrow. >>> former new york stock exchange chairman dick grasso addresses that delicate question we have about thinking about the last few days, does the exchange really still need traders on the floor to be fully operational maria and i look forward to closing bell at the top of the hour. >> thank you very much, bill. >>> check out this video.from the jersey shore and atlantic cit
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> i'm bill griffin. wall street, normal trading day to how...
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Nov 2, 2012
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that tells you these are commodity based, materials and energy. that tells you that that dollar strength has had an impact. techs and financials also to the weak side. finally, if that doesn't impress you, the gld, your major exchange traded fund for gold. it is one-tenth the price of gold here, moving down sitting essentially at a multi--month low, at least a two-month low. mandy, what gets your attention, volume is truly heavy here. heading towards 13 million shares changing hands. that's more than twice normal for an entire day. that's obviously -- that dollar strength is clearly affecting gold as well. >> making itself being felt across the market. thank you, bob. >>> as we mentioned, stocks initially responded positively to the better than expected jobs report this morning. very quickly turns negative for some of the reasons that bob just outlined. ceo of global x funds. bruno, what should we take away from the jobs report going forward for the market? >> the job report was pretty positive, particularly considering the low expectations, also
that tells you these are commodity based, materials and energy. that tells you that that dollar strength has had an impact. techs and financials also to the weak side. finally, if that doesn't impress you, the gld, your major exchange traded fund for gold. it is one-tenth the price of gold here, moving down sitting essentially at a multi--month low, at least a two-month low. mandy, what gets your attention, volume is truly heavy here. heading towards 13 million shares changing hands. that's...
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Nov 1, 2012
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what's the short term outlook and what about longer term, in terms of pricing on energy? you think this is weeks or months or what? >> we think that the nation has a great infrastructure. we think we have a great supply of crude and refined products. the terminals -- the epa waived the need to put ethanol in the gasoline at the terminal. the ability to get the terminal back up, assuming the pumps aren't too badly damaged, is measured in a few hours or days. if the pumps are so badly damaged and the transfer facilities, then this could be days or weeks. from a price point of view, i think locally it may have some impact, but across the nation, you know, the northeast consumes about 30% of the total u.s. demand for gasoline. you know, that demand is way down since there's not as many people driving. i think the impact on the nation's gas price is minimal. >> all right. >> mr. foutch, thanks for joining us today. appreciate it very much. >> thank you. >>> the latest pictures from downtown new york still pretty ugly. take a look at this picture i took on my way down here toda
what's the short term outlook and what about longer term, in terms of pricing on energy? you think this is weeks or months or what? >> we think that the nation has a great infrastructure. we think we have a great supply of crude and refined products. the terminals -- the epa waived the need to put ethanol in the gasoline at the terminal. the ability to get the terminal back up, assuming the pumps aren't too badly damaged, is measured in a few hours or days. if the pumps are so badly...
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Nov 2, 2012
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two reasons people are citing for the lack of energy we have potentially today, sitting near lows. the first is a slightly political spin. that is the extent of the jobs report makes the pofblt president obama getting elected a little bit more likely. that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by the movie on the dollar here. if you look at what's most active at the exchange traded funds, i'd pay a lot of attention to volume in the big exchange traded funds. tracked about 100 of them at a time. these have the heaviest volume. look. silver, gold, gold stocks, as well as some other ones that are in the overall materials index. that tells
two reasons people are citing for the lack of energy we have potentially today, sitting near lows. the first is a slightly political spin. that is the extent of the jobs report makes the pofblt president obama getting elected a little bit more likely. that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different...
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Nov 1, 2012
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i called to ask about clean energy, clne. >> got downgraded today. made a lot of sense because westport announced bad numbers during this break. what happened? they're saying that there's not enough of a quick buildout of lng gas stations. you can't own these because they're not getting the support of the car makers or enough truck buying. they're good specs and that's it. how about silvia in florida. >> caller: hi, jim. boo-yah from boca. i want to know that i'm a longtime fan, and i first saw you on tv when you were with larry kudlow. i love your high energy. >> thank you. >> caller: your sincerity and your wealth of knowledge. my stock is f-5 networks. it's gone down 20% since i bought it. should i hold it or sell? >> no, no, it's a slow-down. bottom fishing does not work. you have to go. i do not want you in at five. it's just not working. that is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. coming up, silly rabbit. organic food maker annie's has been hopping since its ipo earlier this year. but
i called to ask about clean energy, clne. >> got downgraded today. made a lot of sense because westport announced bad numbers during this break. what happened? they're saying that there's not enough of a quick buildout of lng gas stations. you can't own these because they're not getting the support of the car makers or enough truck buying. they're good specs and that's it. how about silvia in florida. >> caller: hi, jim. boo-yah from boca. i want to know that i'm a longtime fan, and...
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Nov 1, 2012
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-da
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. customer erin swenson bought so, i'm happy. today. sales go up... i'm...
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Nov 2, 2012
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putting us in control of our energy future, now. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour as the east coast rebuilds from the devastation of hurricane sandy, bigger government is not necessarily better government when it comes to helping states come out of natural disasters. also tonight, you saw it today. investors are clearly influenced by tuesday's election. the dow is down 140 points. we talked election markets. mediocre jobs report out today inch inches unemployment rate up to 7.9. still far from full employment. so far from full employment. who's to blame for not getting it exactly to full employment? well, here now is robert reich, former labor secretary and cnbc contributor. and he's the author of "beyond outrage." we also welcome back casey mulligan, professor of economics at the university of chicago and author of "the redistribution recession." casey mulligan, i have seen estimates that say we are 15 million private sector jobs short of where we ought to be under a normal growth economy. why is this? why are we so far from ful
putting us in control of our energy future, now. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour as the east coast rebuilds from the devastation of hurricane sandy, bigger government is not necessarily better government when it comes to helping states come out of natural disasters. also tonight, you saw it today. investors are clearly influenced by tuesday's election. the dow is down 140 points. we talked election markets. mediocre jobs report out...
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Nov 1, 2012
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intensity, and energy intensity is just another way of saying how much energy do you use for a given output of gdp so obviously that is not the same as a hard cap on carbon. but they are very aware of the need for a hard cap on carbon. i think they're going to start at 30%, going to move to 50% of the population in china by 2015, three years away. they are ahead of us and taking this seriously. >> tom, given where we are in the economy, tepid recovery at best, would you advocate for a carbon tax now? >> you know, i believe, i talked to a lot of people about the different ways to approach this, and that happens to be the one that is the flavor du jour. what i believe is that if we give people a direct organization of society, that's a bad phrase, if we give them, government's job is to describe what's important and if we describe the parameters for our economy, which is what the government's supposed to do, i believe the private sector will turn this inside out, will come up with stuff none of us have ever thought of and will make amazing things happen and be good for our economy. >>
intensity, and energy intensity is just another way of saying how much energy do you use for a given output of gdp so obviously that is not the same as a hard cap on carbon. but they are very aware of the need for a hard cap on carbon. i think they're going to start at 30%, going to move to 50% of the population in china by 2015, three years away. they are ahead of us and taking this seriously. >> tom, given where we are in the economy, tepid recovery at best, would you advocate for a...
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Oct 30, 2012
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let's broaden the world's energy mix. let's go. >>> welcome back. officials continue to assess the damage hurricane sandy left behind. the weather channel's reynolds wolf is in stonington, connecticut with the latest on the cleanup effort. good morning. >> reporter: that's right, that's right, scott. let me tell you, here on gold street in stonington, there was a tree that was about 80 feet in height. it was standing well yesterday, not so much now. you can see it right over my shoulder. let's get a closer look. standing great yesterday until about 4:00 in the afternoon when we had some strong winds that came in from the north, going south, all complements of sandy. when you have enough wind, something eventually is going to give and unfortunately this tree, like many others in this community, toppled over, and can you see the result, scott. it came through and knocked over some of the power lines, at least broke quite a few of them and hit this tree. thankfully the power lines arced a little bit and created lick a hammock to keep the full weight of
let's broaden the world's energy mix. let's go. >>> welcome back. officials continue to assess the damage hurricane sandy left behind. the weather channel's reynolds wolf is in stonington, connecticut with the latest on the cleanup effort. good morning. >> reporter: that's right, that's right, scott. let me tell you, here on gold street in stonington, there was a tree that was about 80 feet in height. it was standing well yesterday, not so much now. you can see it right over my...
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Oct 29, 2012
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our infrastructure is set up from before we were any good at producing energy. >> or distributing energy. >> yeah. we didn't think we had it. >>> still ahead this morning, co-founder and former ceo of costco jim sinegal is with us live. the election effect on this storm. effect from retailerretailers. how do you go about establishing a logistical plan? a lot more "squawk on the street" in just a minute. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. >>> shot of lower manhattan there. rush to buy emergency supplies in advance of hurricane sandy has resulted in big sales days for retailers.
our infrastructure is set up from before we were any good at producing energy. >> or distributing energy. >> yeah. we didn't think we had it. >>> still ahead this morning, co-founder and former ceo of costco jim sinegal is with us live. the election effect on this storm. effect from retailerretailers. how do you go about establishing a logistical plan? a lot more "squawk on the street" in just a minute. oh, hey mike. what are you up to? oh, just diagramming this...
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Nov 1, 2012
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things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in the first half of next year. >> i think it is critical that you get business back on-board. one of the interesting things has been the consumer seems to be holding in there the retail sales numbers have been a lit better, consumer sentiment numbers have been a little better. business equipment and spending numbers haven't. if you can get both those cylinders firing, you could start inching away at the unemployment rate. >> vince, is your baseline hypothesis that something gets done either right before the close of the year or right after the start of the year, no matter who wins, to sort of ameeliorat the s
things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in...
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205
Oct 31, 2012
10/12
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prices, but we're quite optimistic about the energy strength. i think the fundamentals are as good as they have ever been and we're optimistic about the future. >> david, thank you very much for sparing the time. >> thanks, simon. >>> be well. >>> meantime, a large section of newark had its power restored last night. mayor cory booker has spent much of the last few days driving around respect reporting to emergency crews and communicating via twitter. mr. mayor, great to talk with you. thank you for taking time. >> my pleasure, and i appreciate the attention you're giving to the crisis. the media really helps. >> so much of the pictures today are looking at tom's river or breezy point or hoboken, but specifically in newark, what is the situation? >> well, first of all we're seeing devastation around the state. i just want to express or concern, our compassion and our prayers for those who are struggling in many ways in the most unimaginable effects of the storm. in newark we still have massive power outages all around our city, and people are st
prices, but we're quite optimistic about the energy strength. i think the fundamentals are as good as they have ever been and we're optimistic about the future. >> david, thank you very much for sparing the time. >> thanks, simon. >>> be well. >>> meantime, a large section of newark had its power restored last night. mayor cory booker has spent much of the last few days driving around respect reporting to emergency crews and communicating via twitter. mr. mayor,...
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113
Nov 2, 2012
11/12
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so we have three ipos, two of them are energy. all of them are looking pretty good. $31.50 for restoration hardware. once you start narrowing the range, that means it's getting closer to open. this would be a fan ttastic ope given what's been going on this week and a great time -- a great time for a company like restoration hardware and a name like that to go public. right back to you. >> okay. we should point out starbucks was up sharply this morning. the stock up over 8% -- excuse me, over 9% on fourth quarter numbers that were better than had been anticipated. they had $3.4 billion in total revenue, up 11%. that's the largest amount, a record for starbucks. they were able to drive traffic growth up by 5% in the americas as well as 5% globally. very interesting to see there. >> points out margins on an operating basis different than a apple retail stores which is mind blowing. the jobs number, of course, coming in better than expected. nonfarm up 170,000. alan krueger on president's council of economic advisers. good to have you
so we have three ipos, two of them are energy. all of them are looking pretty good. $31.50 for restoration hardware. once you start narrowing the range, that means it's getting closer to open. this would be a fan ttastic ope given what's been going on this week and a great time -- a great time for a company like restoration hardware and a name like that to go public. right back to you. >> okay. we should point out starbucks was up sharply this morning. the stock up over 8% -- excuse me,...
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274
Oct 30, 2012
10/12
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news from philadelphia energy solutions, a big refinery in philadelphia, saying that it didn't sustain any damage and that it is going to start increasing its run rate. others that reduced its run rate to facilities, no word yet. i've reached out to them. others are getting restarted and increase their run rates. as we know right now two other facilities, one in bay way which is run by phillips and another by hess do remain closed in the wake of this. this i critical pipeline that comes up from greensboro, north carolina, to the eastern seaboard delivering fuel there. it was shut down last night because its customers could not take any delivery of fall. it did experience a power outage. generators are being september up there. they continue to assess the situation, but the pipeline does remain shut down. not so much because of sandy but some of their customers, i.e. the terminals, are not taking any delivery of fuel because of the storm. back to you. >> thank you very much, mary. let's get an update now on the path of the storm. wnbc joins us live. over to you, lori. >> reporter: hi th
news from philadelphia energy solutions, a big refinery in philadelphia, saying that it didn't sustain any damage and that it is going to start increasing its run rate. others that reduced its run rate to facilities, no word yet. i've reached out to them. others are getting restarted and increase their run rates. as we know right now two other facilities, one in bay way which is run by phillips and another by hess do remain closed in the wake of this. this i critical pipeline that comes up from...